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Walmart reports second quarter results • Revenue growth of 5.9 % , up 5.1 % in constant currency ( cc ) 1 Operating income growth of 28.8 % , up 17.4 % adjusted ( cc ) 1 eCommerce sales up 23 % globally GAAP EPS of $ 0.80 ; Adjusted EPS¹ of $ 0.81 Company issues guidance for Q3 ; raises outlook for FY27 BENTONVILLE , Ark . , August 20 , 2026 - Walmart Inc. ( NASDAQ : WMT ) announces second - quarter results with strong growth in revenue , including eCommerce , which grew 23 % globally with strength across segments . Walmart U.S. comp sales² grew 2.6 % , led by growth in transactions and includes 80 bps headwind from health & wellness . The Company issues guidance for the third quarter and raises its outlook for the fiscal year . For Q3 , net sales are expected to grow 3.0 % to 3.75 % and adjusted operating income to grow 2.0 % to 4.0 % . Net sales for FY27 are expected to grow 4.0 % to 5.0 % and adjusted operating income to grow 7.0 % to 8.5 % , all in constant currency ( " cc " ) ¹ . Adjusted EPS¹ is expected to be $ 0.62 to $ 0.64 for Q3 and $ 2.80 to $ 2.87 for FY27 . Second Quarter Highlights Revenue of $ 187.9 billion , up 5.9 % , or 5.1 % ( cc ) 1 " Our team delivered another good quarter , and we continue to make steady progress on the long - term value drivers of our business . Our multi - year growth in eCommerce is evidence that customers are choosing Walmart because we deliver price , speed , and convenience across a broad assortment . At Walmart , they can have it all . " John Furner President and CEO , Walmart • • Global eCommerce sales grew 23 % , led by store - fulfilled pickup & delivery and marketplace • . Global advertising business³ up 38 % , with strength across segments . Walmart U.S. advertising up 38 % Membership fee revenue grew 17 % globally Gross profit rate up 96 bps , led by Walmart U.S. , primarily impacted by tariff refund impacts noted below Fresh Operating income up $ 2.1 billion , or 28.8 % ; up 17.4 % adjusted ( cc ) ; which includes the impact of tariff refunds received , partially offset by price investments in the quarter . Setting aside this net impact , underlying operating income growth was at the top end of our guidance . Our outlook reflects the continued prioritization of remaining tariff refunds into price investments • Adjusted EPS¹ of $ 0.81 excludes the impact , net of tax , from a net loss of $ 0.12 on equity and other investments , and net benefit of $ 0.11 from a certain tax matter • ROA at 8.0 % ; ROI at 15.4 % ¹ Global inventory up 6.7 % ; up 6.0 % ( cc ) 4 , due to strategic initiatives and inflation AR C 1 See additional information at the end of this release regarding non - GAAP financial measures . 2 Comp sales for the 13 - week period ended July 31 , 2026 compared to the 13 - week period ended August 1 , 2025 and excludes fuel . See Supplemental Financial Information for additional information . 3 Our global advertising business is recorded in either net sales or as a reduction to cost of sales , depending on the nature of the advertising arrangement . 4 Inventory grew 6.7 % on a reported basis and grew 6.0 % in constant currency , excluding a - $ 0.4 billion foreign currency impact . " cc " constant currency